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Tesla Slashed Its Prices Across The Board. We're Now Starting To See The Ripple Effect | LAist

Sources say that Tesla is expected to let go of thousands more workers in the coming quarter, and it will not be filling open positions.

Ripple Bought $8.4B XRP Since SEC Lawsuit 'To Support Healthy Markets' - Blockworks

Musk’s focus on his Twitter account has worried some investors who see it as taking time away from the business.

Ripple just tweeted that they are looking to hire more workers, including engineers and managers.

Ripple has been the only company in the bear market that did not lay off a large number of employees but rather continued to hire.

Calling engineers with a passion for #crypto.📢Check out our latest 🔥 job opportunities:

👉 Staff Software Engineer, #DevOps
👉 Senior Product Manager, Compliance
👉 Director of Infrastructure
👉 Director, Software Engineering – @RippleXDev

Apply now! https://t.co/0Jox414Bnh

— Ripple (@Ripple) December 20, 2022

JUST IN: Tesla $TSLA freezes hiring and warns employees of layoffs next quarter.

— Watcher.Guru (@WatcherGuru) December 21, 2022

Reuters had these details to add about Tesla’s upcoming layoffs:

Another wave of layoffs are coming at electric-car maker Tesla Inc (TSLA.O) in the next quarter, news website Electrek reported on Wednesday, citing a source familiar with the matter.

Tesla is also going to freeze hiring, according to the report. The company did not immediately respond to a Reuters request for comment.

Shares of Tesla rose 1% to $139.25 in trading before the bell.

Tesla logo and Elon Musk silhouette are seen in this illustration taken, December 19, 2022. REUTERS/Dado Ruvic/Illustration
The reported move comes at a time when Tesla investors have raised concerns over Chief Executive Elon Musk’s distraction with managing Twitter, the social media platform he bought for $44 billion in October.

Tesla Reportedly Plans Layoffs And Hiring Freeze Amid Stock Turmoil And Musk’s Twitter Meltdown https://t.co/p4XDNZKQrX pic.twitter.com/zs233XuV3z

— Forbes (@Forbes) December 22, 2022

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